The ringgit opened slightly higher against the US dollar as investors assessed global developments and the outlook for US interest rates. The article also reported that Brent crude and the US Dollar Index had declined after comments suggesting the Iran war could end.
A stronger ringgit can make imported feed ingredients cheaper in local-currency terms, but the reported change was marginal and provides little evidence of a durable price effect.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.